106 3rd St Wortham, TX 76693

Property Details for 106 3rd St

Year built

2017

Lot size

0.70 lot acres

Property size

25,200 SF

Zone code

AA1

Property type

Commercial real estate

APN

43051-00006-00000-000000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a 9,100 square foot shopping center in Wortham, Texas, fully occupied by a Dollar General store under a triple-net (NNN) lease. The property, situated on a 0.69-acre lot at 106 N 3rd St (APN 43051-00006), boasts a 6.80% cap rate and a substantial net operating income (NOI) of $84,651. Built in 2016, the metal building with a concrete block facade benefits from a long-term lease extending until August 30, 2031, with three to five-year renewal options at a 10% base rent increase. The property enjoys 100% occupancy and minimal landlord responsibilities, making it an attractive, low-maintenance investment. Located in a residential area with an estimated 5,000 average annual daily traffic (AADT), this Dollar General store benefits from its established presence within a Fortune 500 company with approximately 18,912 locations nationwide. The asking price is $1,244,867. This presents a secure, long-term investment opportunity with a highly reputable tenant and strong financial performance indicators. The property's strategic location and the tenant's financial stability contribute to its significant value and potential for future growth. The minimal landlord responsibilities further enhance the appeal of this investment, offering a streamlined and efficient ownership experience. This is a rare opportunity to acquire a well-performing, stable retail property with a proven track record.

Location Insight

City

Wortham

County

Freestone

State

Texas

Longitude

-96.4632

Latitude

31.7888

Property Tax & Assessments